TAMAN ORKID

TAMAN ORKID in Kluang, Johor recorded 5 subsale transactions in 2023, with a median price of RM 180K and a median price per square foot (PSF) of RM 96.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 180K, with most transactions falling within a stable range of RM 100K to RM 282K, and a typical market range of RM 140K to RM 220K.

Most transactions involved low-cost house, with moderate diversity in property types available.

Price per square foot shows a median of RM 96, though individual units vary from RM 60 to RM 132 in the core range. The broader market spans RM 55.75 to RM 136.25, indicating diverse property characteristics. A wider spread (IQR: RM 80.50) and deviation (MAD: RM 36) indicate significant PSF variations, likely due to diverse property types or conditions.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.